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Joe Biden No Panacea to Global Trade Troubles
The imminent departure from the White House of the self-styled dragon-slayer does not necessarily bode well for Chinese President Xi Jinping. Though the incoming Biden Administration is expected to take a less ideological approach to international trade, a reappearance of
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Fed Chair Powell: “Recovering to a Different Economy”
A river runs through it. President Christine Lagarde of the European Central Bank (ECB) argues that safely fording the ‘big river of uncertainty’ that runs through the global economy requires a sustained fiscal and monetary effort. Major interventions by central
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Commissioner Gentiloni on EU Economy: Andante Ma Non Troppo
The V-shaped economic recovery expected to unfold next year is merely an illusion sourced from wishful thinking. Yesterday, EU Commissioner for Economy Paolo Gentiloni warned of a double-dip recession and said the European Commission mulls an extension by at least
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Investors Depart as Tech Stocks Come Under Assault
Zoom zonked out this week. Investors dumped shares in the videoconferencing service during a wholesale selloff that drove the company’s shares over the cliff, lopping 17 percent off its market cap on Monday and another 6 percent yesterday. A more
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Markets Move in Anticipation of Boom Times
Yesterday, equity markets the world over went near-ballistic on the news that an effective vaccine had been developed to tame and possibly defeat the novel coronavirus. Already buoyed by Joe Biden’s win in the US presidential election, markets moved even
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Trumpism 2.0: Message to Survive Delivery Malfunction
A disconnect between the medium and Trump’s message deprived the incumbent President of a second term in office. However, seventy million voters cannot be wrong – or ignored. A sizeable part of the US electorate that didn’t burst into celebration
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President Trump Silenced by Major Networks
Whilst you were not looking the five largest US tech companies added some $700 billion to their combined market cap since election day. The slightly muddled new political order taking shape in Washington is expected to benefit Big Tech. It
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The Book That Trump Rewrote
The lesson learnt from the 2020 US election is that 2016 was not a fluke. The surprise triumph of Donald Trump four years ago did not represent a momentary lapse of reason, but rather signalled the demise of the traditional
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Oops, He Did It Again?
Oops, he did it again. The choir of commentators that almost unanimously predicted a Biden landslide has been caught singing from the wrong hymn sheet. Though the outcome of yesterday’s US vote is still very much up in the air,
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US Investment Analysts Have Moved On from Trump
Wall Street doesn’t believe in miracles. In anticipation of a ‘blue wave’, US investors pushed the blue-chip S&P 500 up as the nation decides on the next occupant of the White House. With some 100 million votes already cast, pundits
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